Define: Purchase Cost

How is Purchase Cost defined in a legal contract?

• Purchase Cost means the total cost associated with buying an item or service, inclusive of taxes, shipping costs, other fees, and unforeseen expenses. Seen in 5 SEC filings.
• Purchase Cost means the amount paid for procuring goods including direct costs and additional expenses.
  Seen in 3 SEC filings.
• Purchase Cost means the rate per annum equal to the buyer's cost of funds plus a pre-determined margin. Seen in 2 SEC filings.
• Purchase Cost means the actual total amount paid per unit for a certain product sold within a specific time period. Seen in 2 SEC filings.
• Purchase Cost means the actual cost of acquiring something, inclusive of incidental expenses. Seen in 1 SEC filing.
• Purchase Cost means the initial net price for goods as per the contract, which is the basis for price calculations on the trading platform. Seen in 1 SEC filing.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of purchase cost' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Purchase Cost means the total amount expended, inclusive of all associated fees and expenses for acquiring goods or services.

Relevant Contract Types

• Purchase Agreements
• Sales Contracts
• Supply Agreements
• Service Level Agreements
• Licensing Agreements

Relevant Circumstances

• Acquisition of tangible goods or products
• Enrollment of professional services
• Licensing of proprietary technology
• Procurement and sourcing operations
• Business-to-business transactions

Relevant Sectors

• E-commerce
• Manufacturing
• Logistics
• Retail
• Professional services

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Genie Definition 2

Purchase Cost means the rate calculated annually considering buyer's cost and additional margin.

Relevant Contract Types

• Loan Agreements
• Financing Agreements
• Equity Share Agreements
• Lease Agreements

Relevant Circumstances

• Securing loans or financial backing
• Determining cost of lease or rent
• Calculation of equity share buyout cost
• Financing or stakeholder decisions

Relevant Sectors

• Banking
• Real Estate
• Financial Services
• Private Equity
• Venture Capital

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